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Korea
Korea has set a target of reaching carbon neutrality by 2050 by substantially increasing the share of renewable energy sources, gradually phasing out coal, significantly improving energy efficiency and fostering the country’s nascent hydrogen industry. Korea’s energy sector is characterised by a dominance of fossil fuels, a strong dependence on energy imports and one of the highest shares of industrial energy use among IEA countries. Korea aims to leverage the fourth industrial revolution for its energy transition and to foster green growth by means of low-carbon technologies and clean energy. Due to Korea’s high share of…
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
![Korea Flag]()
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Global Energy Review 2026
Global Energy Review 2026 This edition of the Global Energy Review provides the first full assessment of trends across the entire energy sector in 2025, with data for all fuels and technologies, all regions and major countries, and energy-related carbon dioxide (CO2) emissions.The report covers estimates of energy demand by region and by source and fuel in 2025; developments in electricity demand and supply; deployment of selected energy technologies; and estimates of energy-related CO2 emissions. The report also assesses trends in energy intensity and analyses the impact of factors, such as weather effects, on energy demand and…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 9 pages
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Electricity Mid-Year Update 2025 Prices: Trends in wholesale markets differ across regions
…first half of 2025, about 30% higher compared to the same period in 2024. During H1 2025, natural gas prices were on average about 20% above the levels observed through 2024. The cost of carbon allowances under the European Union Emissions Trading System (EU-ETS) increased from an average of about EUR 65 per tonne of CO2 (t CO2) in H1 2024 to around EUR 70/t CO2 in H1 2025. At the same time, lower year-on-year electricity generation from wind and hydropower during this period boosted fossil-fired generation, which further contributed to higher power prices. Latest futures prices in…
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Vehicle software and software-defined vehicles
GEVO 2026 - Chapter 8 The transition from mechanical to software-based vehicle control has been underway for decades and has accelerated dramatically with the rise of EVs. Pure-play EV makers have pioneered the shift towards high-level, continuously updateable software-based vehicle control, speeding up the development and rollout of new features. Vehicles are evolving into software platforms for which users can access subscription‑based premium features, in the same way as for smartphones. A new design paradigm is emerging, with EVs at the forefront The digital transformation of the car industry is most evident in the emergence of software…
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Luxembourg 2026 Executive summary
…tax incentives and advisory services. To complement these financial incentives, Luxembourg would benefit from a more strategic approach to space heating, using municipal heat mapping and heat planning to identify where district heating is viable and where electrification through heat pumps is the most cost-effective.As the largest contributor to both energy demand and emissions, the transport sector must ramp up efforts to lower oil consumption. While Luxembourg was the first country in the world to introduce free public transport and put in place a well‑considered plan to promote public transport and active mobility, fuel sales to foreigners and…
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Global Energy Review 2025
Global Energy Review 2025 This edition of the Global Energy Review is the first comprehensive depiction of the trends that took place in 2024 across the entire energy sector, covering data for all fuels and technologies, all regions and major countries, and energy-related carbon dioxide (CO2) emissions. The latest data show that the world’s appetite for energy rose at a faster-than-average pace in 2024, resulting in higher demand for all energy sources, including oil, natural gas, coal, renewables and nuclear power. This growth was led by the power sector, with demand for electricity rising almost twice…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 3 pages
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Financing the Modernisation of Power Systems Beyond Coal
The role of transition credits in Southeast Asia Coal is a central component of power systems in Southeast Asia, even as governments have committed to reducing coal‑related emissions. Rapid electricity demand growth, alongside coal’s role in system adequacy, reliability and energy security, complicates efforts to accelerate coal transitions. Recent volatility in international gas markets has reinforced the short‑term economic and security value of existing coal assets, adding complexity to national transition strategies. The region’s young coal fleet also implies substantial long‑term emissions if plants continue operating at current utilisation rates.Against this backdrop, new approaches are being explored…
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The Netherlands
The Netherlands aims to achieve net zero carbon emissions by 2050, and numerous measures have been introduced to support achievement of this goal. A competitive auctions process awards subsidies to renewables, hydrogen and carbon capture, based on avoided CO2 emissions. An offshore wind roadmap is driving rapid deployment and aims for 11.5 GW of capacity by 2030, while strong innovation programmes support deployment of key decarbonisation technologies. Electricity from solar has experienced an impressive growth, with the Netherlands ranking among the top countries in the world for installed PV capacity per capita. The Netherlands will need to closely monitor…
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
![The Netherlands Flag]()
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Oil Market Report - February 2026
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Global oil demand is forecast to rise by 850 kb/d in 2026, up from 770 kb/d last year. As in 2025, non‑OECD economies will account for the entire increase, with China taking the lead on a country level. Petrochemical feedstock products will represent more…
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Oil Market Report - December 2025
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Global oil demand is set to rise by 830 kb/d in 2025 amid an improving macroeconomic and trade outlook. These brighter prospects extend to our 2026 forecast, which we have upgraded by 90 kb/d, to 860 kb/d y-o-y. Gasoil and jet…
